Tuesday, July 1, 2008

Sugar Sales Demand In Decontrol - July 1, 2008

Madurai: The Sattur Chamber of Commerce and Industries has asked decontrol in sugar sales. In a letter addressed to the Prime Minister, the General Secretary of the chamber, Mr P.T.K.A. Balasubramanian, noticing to the dual price policy in vogue in the sale of sugar, said that sugar mills supply 10 per cent of their production at decreased rates and sell the remaining 90 per cent in the open market. With the crude oil price increasing alarmingly at the world level, output of ethanol from sugar is necessity. For this sugar cane production requires to be increased. With the sugar production hoped to go down both in India and abroad, steps are needed to augment the production.

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